Closing a chapter

In: GECAD / 5 comments

18 Nov 2010

Last night I was invited to the ZF Gala 2010 and I received a special prize for founding and selling ePayment. It’s an honor; thank you, everyone! I would like to make one comment: I don’t think the sale of the company is the one worthy of an award – I did that out of interest. But I think it’s amazing how a company managed to create in 6 years a completely new market out of nothing: in 2004 there were ZERO sales by using online payment, in 2010 sales amount to EUR 130m. About 90% of that sum is made by ePayment. There were big investments in money (and this is my merit, thank you!), in imagination and work (this is the merit of my colleagues at ePayment, congratulations!), in participating to the vision and in developing the market (the merit of online stores).

It was a question of marketing and market education, of convincing stores that without online payment there is no progress, that (even if sometimes the apparent costs are high) if we go in this direction, we’ll all move forward. It was a question of understanding banking models and working models in the banking system; of Corporate Governance the likes of which I think no Romanian company (other than banks) has; of technological efforts, efforts to develop all the tools stores need in order to sell and buyers need in order to feel comfortable when providing their card information on the internet; of an effort towards a vision, towards understanding where needs are heading on the medium term.

What emerged was a market that trusts putting card information on the internet. And rightly so, because ePayment (and you can no longer suspect I have an interest in promoting it 🙂 ) is really a guarantee today of the fact that online payments through them are secured, that stores will receive their money and buyers their merchandise. What came out was a platform that made it possible to implement online payments with two clicks in any store, a platform that not only does cash collection, but also significantly helps increase sales. The ePayment loyalty card, the Business School, alternative payments, the integration of marketing tools, reporting – and so many others. A platform that is enhanced with new facilities every day (BTW: hey, ePayment, I can’t wait for you to release something new and make waves again 🙂 ).

All in all, I’m proud of what ePayment built – financially and from the point of view of team, technology, market. I am proud I was a part of this endeavor. We are moving on now and, as I answer whenever someone asks me what’s with the red dot in the GECAD logo: a dot, like a full stop, represents the closure of a chapter and the beginning of a new one; for ePayment, for the other GECAD companies, for me.

.Thank you

(English version by Teodora Popescu)

Original Romanian version

Punct. Si de la capat

Am fost invitat aseara la Gala ZF 2010 si am primit premiu special pentru fondarea si vanzarea ePayment. Onoare, multumiri tuturor. Un singur comentariu as vrea sa fac: Nu mi se pare de premiat vanzarea companiei – asta am facut-o din interes. Mi se pare insa senzational cum aceasta companie a reusit ca in 6 ani sa creeze o piata complet noua, din nimic: in 2004 vanzarile cu plata online erau ZERO, in 2010 sunt EUR 130 mil. Aproximativ 90% din suma este facuta de ePayment. Au fost investitii mari de bani (si aici este meritul meu, multumesc!), de imaginatie si munca (aici este meritul colegilor din ePayment, felicitari!), de participare la viziune si la dezvoltarea pietei (meritul magazinelor online).

A fost marketing si educatie a pietei, convingerea magazinelor ca fara plata online nu avansam, ca (chiar daca uneori costurile aparente sunt mari) daca mergem in directia asta avansam cu totii. A fost efort de intelegere a modelelor bancare si de lucru in regim bancar. Corporate Governance cum nu cred ca firme romanesti (altele decat bancile) mai au. Eforturi tehnologice, de dezvoltare a tuturor instrumentelor de care au nevoie magazinele pentru a vinde si cumparatorii pentru a se simti confortabil cand dau datele cardului pe internet. Efort de viziune, de intelegere unde se duc pe termen mediu necesitatile.

Ce a iesit este o piata care are incredere in punerea datelor cardului pe internet. Si pe buna dreptate, caci ePayment (si nu ma mai puteti banui ca am un interes in a o promova 🙂 ) este pe bune astazi o garantie a faptului ca platile online prin ei sunt securizate, ca magazinele isi vor vedea banii si cumparatorii marfa. Ce a iesit este o platforma care a facut posibila implementarea platilor online din doua clickuri in orice magazine. O platforma care nu numai ca face incasarea banior, dar ajuta semnificativ la cresterea vanzarilor. Cardul de loialitate ePayment, Scoala de Afaceri, platile alternative, integrarea uneltelor de marketing, reporting – atatea altele. O platforma care se imbogateste cu noi facilitati in fiecare zi (BTW: hei, ePayment, abia astept sa mai lansati ceva nou, sa faceti iar valuri 🙂 ).

Una peste alta sunt mandru de ce a construit ePayment – echipa, tehnologie, financiar, piata. Sunt mandru ca am fost parte a acestei actiuni. Mergem mai departe si, asa cum raspund de cate ori ma intreaba cineva ce e cu punctul rosu din sigla GECAD: orice punct reprezinta de fapt un nou inceput. Pentru ePayment, pentru celelalte companii GECAD, pentru mine.

.Multumesc

Comments

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Gil

November 18th, 2010 at 4:33 pm

Intrebarea evidenta: Acum ce urmeaza?

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Bogdan

November 18th, 2010 at 6:40 pm

Jos palaria pentru fraza asta “Nu mi se pare de premiat vanzarea companiei – asta am facut-o din interes.”

Si pentru dezvoltarea ePayment, care – mai ales in ultimii ani – a fost unul din motoarele comertului electronic din Romania. Si eu sper sa nu se opreasca aici, ci sa tureze in continuare.

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Cosmin

November 19th, 2010 at 12:27 am

Cred ca scrii prea rar. Poate ai putea scrie o carte despre antreprenoriat. Antreprenoriatul e viitorul Romaniei (singurul).

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Ncu

November 22nd, 2010 at 8:55 pm

>Mi se pare insa senzational cum aceasta companie a reusit ca in 6 ani sa creeze o piata complet noua, din nimic

Mie mi se pare mai senzational mi se pare primul business de success (RAV) 🙂 .

Cand ajungi la al doilea deja ai invatat O GRAMADA.

Tie dupa experienta RAV ti-a venit oarecum mult mai usor sa ochesti oportunintatea care sta in platile online cu cardul. Nu pentru piata de atunci in 2004 ci pentru cea de acum din 2010. Acest business nu putea fi facut nici de vreun vechi membru de partid si nici de vreun student de pe bancile facultatii! Daca nu il faceai tu il facea vreun fond de investitii strain!

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GECAD Group